Shares of American Water Works Company Inc (NYSE:AWK) have been given a consensus recommendation of “Hold” by the fourteen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $88.43.
A number of analysts recently weighed in on the stock. Bank of America lowered shares of American Water Works from a “buy” rating to a “neutral” rating and raised their price target for the company from $85.70 to $91.00 in a report on Thursday. Robert W. Baird reaffirmed a “hold” rating and set a $82.00 target price on shares of American Water Works in a report on Sunday, October 1st. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Guggenheim lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, December 19th.
In other news, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the transaction, the insider now owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Walter Lynch sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. Following the completion of the transaction, the chief operating officer now directly owns 97,667 shares of the company’s stock, valued at approximately $8,785,146.65. The disclosure for this sale can be found here. Insiders sold a total of 6,856 shares of company stock valued at $616,700 in the last three months. 0.34% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in AWK. Pacer Advisors Inc. grew its holdings in shares of American Water Works by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 3,683 shares of the utilities provider’s stock valued at $287,000 after buying an additional 290 shares during the period. Pinnacle Associates Ltd. acquired a new position in shares of American Water Works in the 2nd quarter valued at $226,000. Atlantic Trust Group LLC grew its holdings in shares of American Water Works by 11.7% in the 2nd quarter. Atlantic Trust Group LLC now owns 11,234 shares of the utilities provider’s stock valued at $875,000 after buying an additional 1,175 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of American Water Works by 827.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 9,381 shares of the utilities provider’s stock valued at $730,000 after buying an additional 8,370 shares during the period. Finally, Eaton Vance Management grew its holdings in shares of American Water Works by 4.3% in the 2nd quarter. Eaton Vance Management now owns 7,335 shares of the utilities provider’s stock valued at $572,000 after buying an additional 300 shares during the period. 80.79% of the stock is owned by institutional investors.
Shares of American Water Works (NYSE AWK) traded down $3.91 during trading on Tuesday, hitting $80.83. 4,000,000 shares of the company were exchanged, compared to its average volume of 935,723. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $14,420.00, a price-to-earnings ratio of 27.40, a P/E/G ratio of 3.55 and a beta of 0.27. American Water Works has a fifty-two week low of $69.96 and a fifty-two week high of $92.37.
American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. American Water Works’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. equities analysts anticipate that American Water Works will post 3.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s dividend payout ratio (DPR) is 56.27%.
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American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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